Kazakhstan and Egypt Develop Economic Cooperation
The Embassy of Kazakhstan in Egypt and Kazakh Invest last week organized a round table in Cairo for large company members of the Egyptian Business Council for International Cooperation. Following discussion on trade and investment opportunities, a Memorandum of Cooperation was signed by Kazakh Invest and the Egyptian Business Council for International Cooperation. Kairat Lama Sharif, Kazakhstan's Ambassador to Egypt, stated that Egypt as one of the three largest economies among Arab countries, has high potential for increasing trade and economic cooperation with Kazakhstan. By way of illustration, he reported that many Kazakh producers of convenience food have expressed interest in the Egyptian market, which has a population of more than 105 million. The ambassador invited Egyptian companies to expand cooperation with Kazakhstan enterprises and agreement was made for representatives of Egyptian business to visit Kazakhstan later this year.
